As Silicon Motion Technol (SIMO) Market Valuation Declined, Arga Investment Management LP Trimmed Holding by $18.97 Million; Wpx Energy Com (WPX) Stake Has Boosted by Energy Opportunities Capital Management Llc

Silicon Motion Technology Corporation (NASDAQ:SIMO) Logo

Energy Opportunities Capital Management Llc increased its stake in Wpx Energy Inc Com (WPX) by 17.14% based on its latest 2018Q3 regulatory filing with the SEC. Energy Opportunities Capital Management Llc bought 28,245 shares as the company’s stock declined 26.26% with the market. The institutional investor held 192,995 shares of the energy company at the end of 2018Q3, valued at $3.88M, up from 164,750 at the end of the previous reported quarter. Energy Opportunities Capital Management Llc who had been investing in Wpx Energy Inc Com for a number of months, seems to be bullish on the $5.36B market cap company. The stock increased 3.33% or $0.41 during the last trading session, reaching $12.74. About 6.74M shares traded. WPX Energy, Inc. (NYSE:WPX) has risen 0.87% since February 14, 2018 and is uptrending. It has outperformed by 0.87% the S&P500. Some Historical WPX News: 26/03/2018 – WPX ENERGY CEO SAYS DOES NOT EXPECT RISE OF ELECTRIC CAR TO SAP CRUDE DEMAND FOR FORESEEABLE FUTURE; 09/05/2018 – WPX ENERGY INC WPX.N SAYS OFFERING WAS UPSIZED FROM PREVIOUSLY ANNOUNCED $400 MLN AGGREGATE PRINCIPAL AMOUNT; 17/04/2018 – WPX ENERGY REPORTS EARLY RESULTS OF CASH TENDER OFFERS; 09/05/2018 – Moody’s Rates Wpx Energy’s Proposed Senior Notes B1; 23/05/2018 – WPX ENERGY SAYS $40.8M OF 2023 NOTES VALIDLY TENDERED; 04/05/2018 – WPX ENERGY INC WPX.N : NORTHLAND CAPITAL RAISES TARGET PRICE TO $22 FROM $20; 09/05/2018 – WPX Energy Offering $400M of Senior Unsecured Notes Due 2026; 02/05/2018 – WPX ENERGY 1Q ADJ LOSS/SHR CONT OPS 6C, EST. LOSS/SHR 2C; 17/04/2018 – WPX ENERGY – EXPECTS TO ACCEPT FOR PURCHASE $328.7 MLN OF 2020 NOTES AND $171.3 MLN OF 2022 NOTES VALIDLY TENDERED AT OR PRIOR TO EARLY TENDER DATE; 17/05/2018 – WPX Energy Favored by 8 Hedge Funds, 13Fs Show

Arga Investment Management Lp decreased its stake in Silicon Motion Technol (SIMO) by 17.01% based on its latest 2018Q3 regulatory filing with the SEC. Arga Investment Management Lp sold 357,940 shares as the company’s stock declined 36.57% with the market. The institutional investor held 1.75 million shares of the semiconductors company at the end of 2018Q3, valued at $93.80 million, down from 2.10M at the end of the previous reported quarter. Arga Investment Management Lp who had been investing in Silicon Motion Technol for a number of months, seems to be less bullish one the $1.48B market cap company. The stock decreased 0.68% or $0.28 during the last trading session, reaching $40.99. About 160,828 shares traded. Silicon Motion Technology Corporation (NASDAQ:SIMO) has declined 35.36% since February 14, 2018 and is downtrending. It has underperformed by 35.36% the S&P500. Some Historical SIMO News: 09/04/2018 – SILICON MOTION PRELIM 1Q ADJ. GROSS MARGIN IN UPPER HALF VIEW; 09/04/2018 – SILICON MOTION REPORTS PRELIMINARY 1Q REV. NEAR MID OF VIEW; 26/04/2018 – Silicon Motion Announces Results for the Period Ended March 31, 2018; 26/04/2018 – SILICON MOTION TECHNOLOGY CORP SEES FY 2018 REVENUE $550 MLN TO $576 MLN; 26/04/2018 – Silicon Motion Sees 2Q Rev $134.3M-$140.8M; 26/04/2018 – Silicon Motion 1Q EPS 64c; 10/05/2018 – Taiwan’s Silicon Motion turns to China and 5G for future growth; 26/04/2018 – SILICON MOTION TECHNOLOGY CORP SIMO.O FY2018 REV VIEW $566.2 MLN — THOMSON REUTERS l/B/E/S; 26/04/2018 – SILICON MOTION TECHNOLOGY 1Q ADJ EARNINGS PER ADS 71C, EST. 69C; 09/04/2018 – Silicon Motion Sees 1Q Revenue Near Midpoint of $127 Million-$132 Million Range

Among 40 analysts covering WPX Energy (NYSE:WPX), 36 have Buy rating, 0 Sell and 4 Hold. Therefore 90% are positive. WPX Energy had 139 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs upgraded the shares of WPX in report on Thursday, February 1 to “Buy” rating. Imperial Capital maintained WPX Energy, Inc. (NYSE:WPX) rating on Tuesday, April 19. Imperial Capital has “Outperform” rating and $8.75 target. SunTrust maintained the stock with “Buy” rating in Monday, April 16 report. Credit Suisse initiated the stock with “Buy” rating in Monday, December 11 report. The stock of WPX Energy, Inc. (NYSE:WPX) has “Neutral” rating given on Friday, August 3 by Goldman Sachs. The company was upgraded on Tuesday, December 19 by Seaport Global. Oppenheimer maintained WPX Energy, Inc. (NYSE:WPX) on Tuesday, September 1 with “Market Perform” rating. The stock of WPX Energy, Inc. (NYSE:WPX) earned “Buy” rating by Evercore on Friday, October 14. Oppenheimer maintained WPX Energy, Inc. (NYSE:WPX) on Wednesday, August 19 with “Hold” rating. The stock has “Outperform” rating by FBR Capital on Tuesday, December 13.

Since November 8, 2018, it had 1 insider purchase, and 1 sale for $630 activity. Another trade for 50 shares valued at $646 was bought by Gaspar Clay M.

Energy Opportunities Capital Management Llc, which manages about $585.78 million and $129.18M US Long portfolio, decreased its stake in Rowan Cos Inc (NYSE:RDC) by 45,727 shares to 230,315 shares, valued at $4.34M in 2018Q3, according to the filing. It also reduced its holding in Noble Drilling Corp Com (NYSE:NE) by 122,216 shares in the quarter, leaving it with 659,460 shares, and cut its stake in Tenaris S A Sponsored Adr (NYSE:TS).

Investors sentiment increased to 1.18 in 2018 Q3. Its up 0.19, from 0.99 in 2018Q2. It is positive, as 28 investors sold WPX shares while 109 reduced holdings. 68 funds opened positions while 93 raised stakes. 384.07 million shares or 0.78% more from 381.11 million shares in 2018Q2 were reported. Axiom Invsts Lc De stated it has 0.18% of its portfolio in WPX Energy, Inc. (NYSE:WPX). Meeder Asset Mngmt holds 0.01% or 7,848 shares. Goldman Sachs Gru owns 11.67M shares. Ohio-based Strs Ohio has invested 0% in WPX Energy, Inc. (NYSE:WPX). The Louisiana-based Louisiana State Employees Retirement Systems has invested 0.09% in WPX Energy, Inc. (NYSE:WPX). Jennison Associates Limited Com holds 11.14 million shares or 0.21% of its portfolio. Segall Bryant Hamill Ltd holds 0% or 13,973 shares in its portfolio. Bluemountain Cap Management Ltd Com holds 162,273 shares or 0.06% of its portfolio. Hsbc Holdg Public Ltd Company has invested 0% of its portfolio in WPX Energy, Inc. (NYSE:WPX). Wellington Gru Ltd Liability Partnership has 45.57 million shares for 0.19% of their portfolio. Arizona State Retirement System invested in 280,337 shares or 0.05% of the stock. 116 were accumulated by Estabrook Mgmt. 13.22M were reported by State Street. Lmr Prtnrs Limited Liability Partnership has 28,416 shares for 0.04% of their portfolio. Cibc Ww Markets stated it has 0.01% in WPX Energy, Inc. (NYSE:WPX).

Among 22 analysts covering Silicon Motion (NASDAQ:SIMO), 16 have Buy rating, 1 Sell and 5 Hold. Therefore 73% are positive. Silicon Motion had 51 analyst reports since July 28, 2015 according to SRatingsIntel. As per Monday, July 10, the company rating was maintained by Roth Capital. On Tuesday, August 18 the stock rating was downgraded by Bank of America to “Underperform”. The rating was maintained by KeyBanc Capital Markets with “Buy” on Wednesday, February 7. KeyBanc Capital Markets maintained it with “Buy” rating and $60.0 target in Thursday, December 14 report. Craig Hallum maintained Silicon Motion Technology Corporation (NASDAQ:SIMO) rating on Friday, January 29. Craig Hallum has “Buy” rating and $38 target. The firm has “Outperform” rating by Pacific Crest given on Monday, August 17. Needham upgraded Silicon Motion Technology Corporation (NASDAQ:SIMO) on Friday, April 27 to “Buy” rating. The stock has “Equal-Weight” rating by Morgan Stanley on Friday, December 14. Needham maintained Silicon Motion Technology Corporation (NASDAQ:SIMO) rating on Friday, July 7. Needham has “Buy” rating and $5400 target. Craig Hallum maintained the shares of SIMO in report on Friday, July 7 with “Buy” rating.

WPX Energy, Inc. (NYSE:WPX) Institutional Positions Chart

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